Quote:
Originally Posted by lowside67
There are 0 new apartments that you can buy with $50k down and have the rent cover the mortgage payment, strata fees and property taxes.
-Mark
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I think in the mid-west USA you can get pretty close. But the maintenance upkeep will be huge.
Quote:
Originally Posted by lowside67
Or if instead of paying your "money guy" to invest in some PIMCO fund, you could have just bought an ETF yourself of the S&P 500 and from January 1 2012 to December 31 2018 you would have realized an average return of 13.27% and your $50k would have been $115.5k. If we included data from Jan 1 2019 to today, it would be up another 17% on top of that.
If you are paying an investment advisor, and that's what he has recommended, you need to PM me and let me make a referral for you (I am not an advisor) - you are not getting your money's worth.
-Mark
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^
Maybe the PIMCO fund has a lower volatility than SPY. Either way, index funds are the way to go for most folks.